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Old 23rd November 2004 | 17:46
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UL730

Cut & Paste Intellectual
20 Anniversary
 
Joined: Jul 2003
: PPL
Posts: 117
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From: Durham
HN1708 - you are correct. The aircraft have been impounded and "writs nailed to masts" The airport is owed a very substantial amount - and it was growing daily. Given the aged analysis of creditors I have seen - they have shown forbearance and given ample opportunity for the Club to trade its way out of difficulties or deliver rescue plan.

They are not the only large and voracious creditor hovering presently.

Very sad background to the saga.
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